Public Company News

Estrella Resources has inked a milestone joint venture and royalty deed with Murak Rai Timor (MRT), the State-run mining arm of the Timor-Leste Government, to explore for manganese, copper and gold in that country. Estrella will hold 70 per cent of the newly-formed venture that includes three exploration licenses covering a landholding of 121.5 square metres, with MRT holding 30 per cent.

Larvotto Resources has revealed a bumper exploration target at its Hillgrove gold and antimony project in New South Wales, consisting of 2.8 to 3.6 million tonnes holding between 670,000 and 1.08 million ounces of gold equivalent grading at 7.4 to 9.46 grams per tonne. The target adds strong potential for the company to grow its vast resource base that contains 1.4 million ounces of gold equivalent at a cracking grade of 6.1g/t.

This week’s Bulls N’ Bears Runner of the Week is … InteliCare Holdings. Its shares jumped 144 per cent on the back of a $2 million capital raise to kickstart key commercial agreements for its AI-driven platform aimed at enabling the elderly to stay in their homes for longer. Other ASX movers and shakers were Encounter Resources, Vonex and Actinogen Medical.

ChemX Materials has taken a crucial step towards high-purity alumina production after cranking up the early-stage commissioning of a leach circuit at its innovative “HiPurA” pilot plant in Western Australia. The leach circuit is a critical initial part of ChemX’s purification process in its aim to produce 99.99 per cent, or “four nines”, purity HPA from its planned 24-tonne per annum plant.

Surefire Resources says it has identified a significant opportunity to produce high-grade iron and titanium concentrates from its Unaly Hill magnetite deposit that sits in Western Australia’s Mid West region. The company is also engaging with potential stakeholders interested in fast-tracking the development of its flagship Victory Bore project abutting its Unaly Hill ground, about 450km north-east of Perth.

Red Metal’s metallurgical testwork has given a green light to the rare earths at its Sybella play near Mount Isa in Queensland, with bulk mining and a low-cost heap leach process to lead to a potential mining operation. The company says granite-hosted soft ore that appears to be abundant in its ground, offers simple crushing and processing options that provide an economic edge to the project.

Novo Resources and its respective joint venture partners De Grey Mining and industry veteran Mark Creasy are firing up the rigs with multiple gold and base metal drilling programs in Western Australia’s Pilbara region. The partnerships will be plunging a combined 32,000m of drilling into the respective Becher and Nunyerry North targets in a bid to make another compelling Pilbara discovery.

GreenTech Metals has kicked off its mission to lift the resource numbers at its Whundo base metals project in Western Australia’s West Pilbara region after cranking up a new 2200m reverse-circulation drilling program. The company flagged the program a fortnight ago, about a month after revealing that an extensive review, based largely on geophysics, had confirmed significant additional resource potential at the project.

Geological mapping and grab sampling by Estrella Resources has stretched its manganese strike out to 47km in Timor-Leste, with some priority samples already crushed and sent back to Perth for expert lab analysis. The company is now weighing up its business case for the potential first-ever manganese exports from the Southeast Asian country formerly known as East Timor.

Radiopharm Theranostics’ stock rocketed up more than 35 per cent this morning after the cancer-fighting firm secured commitments from leading international and Australian institutional investors to raise $70 million at a premium to its most recent share price. The funds will be used to advance the company’s clinical programs for the diagnosis and treatment of cancer through its innovative radiopharmaceutical products.

ASX-listed K2fly’s cloud-based software solution that audits mineral inventories has attracted as new customer, with Canadian company Lundin Mining committing to a new three-year, $661,000 agreement. The deal – which has an annual recurring revenue value of $180,000 – will provide Lundin with a total mineral resource governance solution to be delivered at the corporate level, covering all of the company’s material reporting sites.

American West Metals has secured $18.8 million in non-dilutive funding to accelerate its Storm copper project in Canada after signing a royalty package deal with Australian-based Taurus Mining Royalty Fund. The funding package is designed to underpin the exploration and drilling activities that are already underway at the potentially district-scale project, along with fast-tracking project development amid a surging global thirst for copper production.